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Okko-Pekka Salmimies outlines modalities for the update of the OECD Policy Framework for Investment currently underway. This presentation was made at the Southeast Asia Regional Forum in Bali, Indonesia, on 24-26 March 2014.

Find out more at http://www.oecd.org/daf/inv/investment-policy/seasia.htm - http://www.oecd.org/daf/inv/mne/pfi.htm - http://www.oecd.org/globalrelations/seaforum.htm

2.
Investment
policy
Investment
promotion and
facilitation
Trade
Competition
Tax
Corporate
governance
Policies for
promoting
responsible
business conduct
Human
resource
development
Infrastructure and
financial sector
development
Public
governance
• A multilaterally-backed
instrument to improve
the investment climate
building on good
practices in OECD and
non-OECD countries
• 82 questions in 10 policy
areas

3.
• OECD Initiative on Investment for Development launched in
Johannesburg in November 2003;
• PFI developed by 60 OECD and non-OECD participants in a task force
established under the aegis of the OECD Investment Committee with
inputs from 8 OECD committees (horizontal);
• A set principles underpinning a healthy environment for all investors
(Monterrey Consensus);
• Neither prescriptive nor binding, emphasises fundamental principles of
rule of law, transparency, non-discrimination and the protection of
property rights; One size does not fit all;
• The PFI stresses good governance:
• laws and regulations
• design, implementation and evaluation
• Contributes to implementing the OECD Strategy on Development;
• Has been used in various ways: OECD Investment Policy Reviews, in
regional investment programmes, for seminars and capacity building
From principles to a framework

5.
Updating the PFI
• Global landscape of investment has changed since 2006
• New policy challenges
• New players, new priorities, new partners
• Some 3o countries and various regional economic
communities have and are using the PFI
• Need to update the instrument, incorporate new
dimensions and receive users’ feedback!
• Through: Task Force meetings in regions and OECD
Headquarters, technical revisions in OECD committees,
web-based consultations
• Objective: Complete by 2015